MIRA
INFORM REPORT
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Report Date : |
06.09.2007 |
IDENTIFICATION DETAILS
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Name : |
CEYLON TEAS INC. |
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Registered Office : |
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Country : |
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Date of Incorporation : |
1984 |
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Legal Form : |
Limited Company |
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Line of Business : |
Produces black and
herbal teas. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Exists |
IDENTIFICATION &
EXECUTIVE SUMMARY
Company Name: CEYLON
TEAS INC.
Trade Name(s):
Address: 8362
ARTESIA BOULEVARD UNITS DSE
City:
State/Province:
Zip Code: 90621
Country: UNITED
STATES
Telephone: 714
690-0142
Facsimile: 714
690-5925
Founded
(D/M/Y): / /1984
As of:
Sales / Revenue:
Net Income:
Total Equity:
Number of Employees:
5
Legal Form: Limited
Company
Website: www.ceylonteas.com
Business Activity: The Company produces black and herbal
teas.
NOTE TO CLIENT
Person Contacted:
Receptionist. She stated that Mr. Jay Abey is the person authorized to provide
information on the Firm. The information in the report was retrieved from
outside sources and has not been confirmed with management. A written inquiry
was faxed to Mr. Abey and if he responds the report will be amended.
Mr. Jayaransjan
Abeysekara (Jay Abey).
LEGAL
Legal Form: Limited
Company
Since (D/M/Y): 05/12/1996
State/Province of
Incorporation: CA
Previous Legal
Form: Agency
Company is NOT
required to publish an annual financial report.
The company is
incorporated in
Corporation
CEYLON TEAS INC.
Number: C1794801
Date Filed:
12/5/1996
Status: active
Jurisdiction:
Address
Managers/Key
Personnel
Mr. Jayaransjan
Abeysekara President
AFFILIATED ENTITIES
There are no known
affiliated companies, subsidiaries or divisions.
BANKS
Bank of
Telephone: 714-533-4470
Facsimile:
Account Number:
Account Manager:
The bank requires a
signed authorization and account number which could not be obtained from
management at this time.
PAYMENT HISTORY
BUSINESS
DATE LAST PAYMENT CREDIT BALANCE
CUR 1- 31- 61-
CATEGORY
REPTD
---------- ----- ----- ------- --------
-------- --- --- --- --- --- --------
ADVERTISNG 07-08 00-00 NET 30 0
0 0 0
0 0 0
CUST 3 YR
BANK
07-07 07-07 CONTRCT 63700
62700 100 0 0
0 0
PACKAGING
07-08 05-12 NET 30 0 0
0 0 0
0 0 CUST
6 YR
AIR TRANS
06-06 06-05 0000000 200
200 100 0 0
0 0 CUST
3 YR
AIR TRANS
06-11 00-00 NET 30 300 0
0 0 0
0 0 CUST
7 YR
CURRENT QUARTER 63700 62700
100 0 0 0 0
Payment Trends
INDUSTRY BUSINESS BALANCE
CUR 1- 31- 61-
DATE
CUR DBT DBT $ %
30 60 90 91+
--------
--- --- --- -------- --- --- --- --- ---
20070800
0 5 0 62700 100 0
0 0 0
20070700
0 5 0 63700 100 0
0 0 0
20070600
0 6 0 63700 100 0
0 0 0
20070500
0 5 0 63700 100 0
0 0 0
20070400
0 7 0 62600 100 0
0 0 0
20070300
0 8 0 53300 100 0
0 0 0
Payment History - Quarterly Averages
BALANCE CUR 1- 31- 61-
QUARTER
YEAR DBT $ %
30 60 90 91+
-------- ------ --- -------- --- --- --- --- ---
Second
2007 0 63700
100 0 0 0 0
First
2007 0 52300 100 0
0 0 0
Fourth
2006 0 38800 100 0
0 0 0
Third
2006 0 60700 100 0
0 0 0
Second
2006 0 62500 100 0
0 0 0
FINANCIAL INFORMATION
Senior management
was unavailable for an informative management interview, therefore financial
details could not be learned. An outside source reports annual sales to be in
the US$700,000 range, subject to confirmation.
HISTORY
Founded in 1984,
began operations as a supplier of loose leaf and Ayurvedic (medicinal) teas to
natural food markets in the
In 1996, the Company
began supplying to gift-packers and products emerged in gift market.
CURRENT OPERATIONS
NAICS Code: 4224
Grocery and Related Product Wholesalers
Number of Employees
: 5
Business Activity:
The Company produces
black and herbal teas.
Ceylon Teas Inc.
produces tea in decorative gift packages. The company imports all its tea
products from Sri-Lanka and all their packaging products from china.
The above address is
the sole location for the firm.
PUBLIC RECORD
DEBTOR INFORMATION
Debtor: CEYLON TEAS
INC
Debtor Type: BUSINESS
CREDITOR INFORMATION
Creditor: ORANGE
LIEN INFORMATION
Total Amount: 444
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DEBTOR INFORMATION
Debtor: CEYLON TEAS
INC
Debtor Type: BUSINESS
CREDITOR INFORMATION
Creditor: STATE OF
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DEBTOR INFORMATION
Debtor(s): CEYLON TEAS INC.
SECURED PARTY OR CREDITOR
INFORMATION
Secured
Party(s): CAPITOL RESOURCE FUNDING, INC.
OWINGS
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DEBTOR INFORMATION
Debtor(s): CEYLON TEAS INC., A CORPORATION
8382 ARTESIA BL.,
SUITE #F
SECURED PARTY OR
CREDITOR INFORMATION
Secured
Party(s): FEDERAL EXPRESS CORPORATION
2005 CORPORATE PLAZA
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DEBTOR INFORMATION
Debtor(s): CEYLON TEAS INC., A CORPORATION;
SECURED PARTY OR
CREDITOR INFORMATION
Secured
Party(s): L.A. COMMERCIAL GROUP, INC., A
CORPORATION, DBA CONTINENTAL
COMMERCIAL GROUP
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DEBTOR INFORMATION
Debtor: CEYLON TEAS
INC.
8382 ARTESIA BLVD
STE F
CREDITOR INFORMATION
Creditor: CA
FRANCHISE TAX BOARD
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DEBTOR INFORMATION
Debtor: CEYLON TEAS
INC., A CORPORATION
Debtor DUNS Number:
96-791-1728
CREDITOR INFORMATION
Creditor:
CONTINENTAL COMMERCIAL GROUP
Creditor: L.A.
COMMERCIAL GROUP, INC., A CORPORATION
JUDGMENT INFORMATION
Amount Awarded: $2,800.00
Status: UNSATISFIED
Status Date: 11/14/2001
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DEBTOR INFORMATION
Debtor: CEYLON TEAS
INC., A CORPORATION;
CREDITOR INFORMATION
Creditor: L.A.
COMMERCIAL GROUP, INC., A CORPORATION, DBA CONTINENTAL COMMERCIAL
GROUP
LIEN INFORMATION
Status: OPEN
Status Date: 03/03/2003
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No bankruptcy
petitions were filed under the subject's name.
GENERAL COMMENTS
Ceylon Teas USA,
Inc. is a privately-held company headquartered in
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General unfavourable
factors will not cause fatal effect. Satisfactory capability for payment of
interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)